Business Professor

Industry:
Education
Last Updated:
July 19, 2023

Job Description Overview

A Business Professor is a crucial member of the Education industry who specializes in teaching business-related courses to students pursuing various degrees. As a Business Professor, your main responsibilities include teaching students the essential skills and knowledge required to thrive in the business world. You will also develop course materials and lesson plans, administer exams, and grade assignments. Moreover, it is your job to keep up with the latest business trends and technologies to ensure that your students receive the most relevant and up-to-date education.

In addition to teaching, you will also be expected to provide guidance and advice to students outside of class, such as academic advising, career counseling, and mentorship. As a Business Professor, you will work closely with other faculty members, administrative staff, and industry professionals to ensure that your department is functioning at its highest capacity.

Overall, the Business Professor job description is to provide an engaging and informative learning experience for students pursuing a degree in business while also contributing to the growth and development of the Education industry.

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Job Duties and Responsibilities

  • Develop and conduct lectures and interactive activities to educate students on various business disciplines such as marketing, finance, and accounting.
  • Evaluate students' progress through assessments, exams, and other assignments to provide constructive feedback to enhance their learning.
  • Guide and mentor students on academic and professional matters such as course selection, career development, and networking opportunities.
  • Stay updated with the latest industry trends and research findings to integrate cutting-edge knowledge into the curriculum and enhance the learning experience.
  • Foster a productive and inclusive learning environment by promoting academic integrity, respect, and diversity in the classroom.
  • Publish research papers, articles, and books on business-related topics to contribute to the academic community and establish credibility in the field.
  • Attend conferences, seminars, and workshops to exchange ideas and collaborate with other educators and industry professionals.
  • Engage in service activities such as serving on academic committees, advising student organizations, and participating in community outreach programs to enhance the reputation of the institution.
  • Use technology and multimedia tools effectively to enrich the delivery and accessibility of the course materials and engage students of various learning styles.

Experience and Education Requirements

To become a business professor, you usually need both education and experience. First, you need to have a doctoral degree in business or a related field. This means you need to complete a lot of coursework and research, write a thesis, and defend it in front of a jury. It can take up to six or seven years to complete this process, but it's worth it if you want to teach at the college or university level. Second, you need to have practical experience in the business world. This means you need to have worked as a manager, consultant, or entrepreneur for several years before applying for a teaching position. You need to have real-world knowledge to share with your students and to be able to apply theory to practice.

Salary Range

The expected salary range for a Business Professor in the United States is between $76,000 and $186,000 per year. This salary range is highly dependent on experience, level of education, and the institution at which the professor works. According to payscale.com, the average salary for a Business Professor in the US is around $104,000. 

Outside of the US, in Canada, the average salary for a Business Professor is around CAD 113,000 per year, according to neuvoo.ca. In the UK, Glassdoor reports that Business Professors earn an average salary of £61,000 per year. 

Overall, a career as a Business Professor can be quite lucrative, especially at higher levels of education and in prestigious universities. 

Sources: 

https://www.payscale.com/

https://neuvoo.ca/

https://www.glassdoor.com/

Career Outlook

The career outlook for a Business Professor seems positive over the next five years. According to the Bureau of Labor Statistics, employment of postsecondary teachers is projected to grow 9 percent from 2019 to 2029, which is faster than the average for all occupations. This growth is due to an increase in student enrollments and a need for more faculty to teach business courses. 

Moreover, with the rise of online education, Business Professors have more opportunities to teach remotely and reach a wider audience. Also, many schools are offering hybrid or alternative learning models, which require skilled instructors to design and deliver online content. 

Overall, the demand for Business Professors is likely to grow, and those with experience in online education and technology will be particularly valuable. This career path can offer stable and rewarding employment for those who enjoy teaching, researching, and contributing to the academic community.

Frequently Asked Questions (FAQ)

Q: What does a Business Professor do?

A: A Business Professor teaches courses related to business, such as accounting, finance, management, and marketing, to undergraduate and graduate students.

Q: What are the qualifications to become a Business Professor?

A: Most Business Professors must have at least a master's degree in business or a related field, and many have a doctoral degree. They should also have experience in the business world, and a passion for teaching.

Q: What skills does a Business Professor need?

A: Successful Business Professors need strong communication skills, the ability to teach complex concepts to students, and patience. They should also be knowledgeable about business practices and industry trends.

Q: What is a typical day like for a Business Professor?

A: A typical day for a Business Professor includes teaching courses, preparing lesson plans, grading assignments and exams, advising students, conducting research, and attending faculty meetings.

Q: How is the job market for Business Professors?

A: The job market for Business Professors is competitive, but there is strong demand at colleges and universities that offer business degrees. Candidates with a strong background in a specific field of business, such as finance or marketing, may have an advantage.


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